The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1887-07-21
The Wool Market.

The local market has been very
quiet the past week and receipts
light. There has been no adj
vance in the prices named last
week, % TO 80 cts. The outlook
at this writing is not favorable 10
an advance. We append New
York report:
NEW YORK, July 15-Brad-
street, in its summary of the wool
market. says that wool continues
quiet, Eas: and West, with gen
sraliy easy feeling in the various
markets. This is due IN part TO
the siringency Of money. Manu-
facturers in New England and the
Middle States are not stocking up
to any extent, while the weaker
holders are anxious to sell in Or
der to raise funGs wherewith 10
meet maturing obligations. Sales
of large amounts, whether in the
interior or on the seaboard. could
only be made at concessions.
Dealers in Boston, New York
and Philadelphia are receiving
many requests for bids from
Western holders, and advances
on coEsignments appear 10 be OF
smaller amount than usual. II
the manufacturers adhere to
their present policy for two or
three weeks longer, more general
realizing will be Inevitable. The
market is also dull by reason OF
the uncertainty as 10 the course
of lightweight woolen fabrics.
These haye not yet been opened
TO any extent, but so far as they
have been offered, principally
cheyiots, values are eported as
5to IO%S less than last year.
Foreign competition promises
to be keen. Purchases for con-
sumption appear likely to con-
t,nue restricted until something
definite has been brought about
the styles which are to be IN de-
mand and the values to De OBJ
tanned.
The London sales closed Thurs
day.. The market has been gen.
orally well sustained. under ac-
tive competition from English
and continental buyers, together
with purchases OF some extent
for this country, chiefly by mill
agents. The firmness which h1s
prevailed on the other side, is in
decided contrast with the weak
ness here.
The Boston market is dull, buv
ers operating cautiously and 10 &
limited amount in the aggregate
But little is doing III fine fieeces
demand,being confined in great
measure, to.medium sorts. The
tone of the trade is barely steady
No great weakness has appeared
and, on The other hand, no tend
ency toward an advance. The
new clip is arriving IN abundant
quantities. but is to some exten
held held out ofthe market. Cur
rent quotations for leading de.
scriptions are as follows in com
parison with last wear:
July 16, July Ia
1856 lSSI.
onio& Pensylvania X:-x o;,z S5c 81 ; g .
ohio & ennsyIvaniaXN N-3i@3' o3e5
ohio & Pennsylvania NA o,e.e.
and above--....... ...--...s'S;Ss g, $ia5 s5s'si,
Michigan X..--.--..-..--..-.--. ~ s ,s9s
Fine Ohio delaine............-. - S5g3
No. combing ..; oooss2 SS;st sssS,,
The sales of the week at Boston
have amounted 10 100000 fbs
as against 1 .37G.0o0 Tbs. last week
and 100000 lbs. IN the cor
responding week a year ago.
At Philadelphia The wool trade
has continued sluggish and nn
satisfactory. Manufa C n rer:
claim that the selling prices o
goods do not justify the present
asking rales for raw material. ant
are buying only as impelled by
urgent requirements. Holder
are unwilling to shade prices. ow
ingto the relative high cost of the
staple in the interior. There i:
ayood deal of uncertainty as Il
the future certainty of The mark
et, but The feeling generally i
weak.